Fitt is Making Saint Style Moves

[Troys99x4]

Curious to see the yearly breakdown. 

Would love to keep a dynamic duo going if he performs well.

After some research:

About $2M this year 4M next year.

Hopefully the kicking the can down the road is a "this year" thing only.

Edited March 24, 2021 by Troys99x4

[NYPantherFan]

Can someone explain why they needed to add voided years to the deal rather than just a 1 year deal?

[DaveThePanther2008]

1 minute ago, NYPantherFan said:

Can someone explain why they needed to add voided years to the deal rather than just a 1 year deal?

Pretty simple.  If he plays well we have him under contract.  If not, we cut loose and don't lose much.

 

[SetfreexX]

1 minute ago, NYPantherFan said:

Can someone explain why they needed to add voided years to the deal rather than just a 1 year deal?

I do believe it allows them to keep the cap hit for ''this'' season lower. The voidable years allow you to artificially spread out the bonus money.

Another good example is JuJu's contract with PIT, it's set up in similar fashion. 

[Troys99x4]

1 minute ago, NYPantherFan said:

Can someone explain why they needed to add voided years to the deal rather than just a 1 year deal?

They're stretching the payment out instead of paying him the full guarantee this year. Trying to save some cap $ this year.

[bababoey]

2 minutes ago, NYPantherFan said:

Can someone explain why they needed to add voided years to the deal rather than just a 1 year deal?

You can spread out the signing bonus over 5 years.  Making his cap hit much lower than what is would be otherwise.

[Waldo]

It's a prove it deal and I would think Rhule and Snow are thr main reason we can thank Reddick coming here to prove he can be a beast. I thank Fritters for not being Hurney and keeping the deal simple and smart.

[NYPantherFan]

3 minutes ago, bababoey said:

You can spread out the signing bonus over 5 years.  Making his cap hit much lower than what is would be otherwise.

So is he under contract for 5 years or just 1? All the reports said he signed a 1 year deal. Guessing the rest of the bonus just becomes dead cap?

[ForJimmy]

If we have leftover cap it carries over next year anyway right? I think these moves just keeps our options open for a big time player if one becomes available. I’m sure it was originally leaving space to bring on Watson...

[therealmjl]

I'm super confused. Is he potentially under contract for 5 years? I thought it was just a one year prove it deal.

[kungfoodude]

1 minute ago, therealmjl said:

I'm super confused. Is he potentially under contract for 5 years? I thought it was just a one year prove it deal.

It's just a cap trick to spread out the salary hit and leave us more available cap space. He is correct that this is Saints 101.

[bababoey]

15 minutes ago, NYPantherFan said:

So is he under contract for 5 years or just 1? All the reports said he signed a 1 year deal. Guessing the rest of the bonus just becomes dead cap?

It is a 1 year deal with 4 voidable years added to the end of the deal.  The extra 4 years void, from what I have read, on Feb 25 of 2022.  And yes the remaining bonus hits the cap in 2022 as just dead cap.

[electricbluecats]

It's a 1-year deal. Those voidable years do not mean "we have him under contract" if he plays well, it's all paper years that automatically go away after this year is over. You are allowed to pro-rate signing bonus money up to 5 years, so purely for cap flexibility purposes, they tack on the voidable years to push 4/5 of the singing bonus amount beyond this year.

So we have a cap hit on a 1-year deal of $1.992m ($990k vet min base salary + $1.002m of prorated signing bonus) while he still gets his full $6m in cash. The voidable years let us defer the rest of the $4.008m in signing bonus as a dead cap hit after this year. It's just a timing difference. The team will have the full $6m count against the cap eventually, this just allows for immediate flexibility in a down cap year. 

[t96]

28 minutes ago, DaveThePanther2008 said:

Pretty simple.  If he plays well we have him under contract.  If not, we cut loose and don't lose much.

 

 

22 minutes ago, NYPantherFan said:

So is he under contract for 5 years or just 1? All the reports said he signed a 1 year deal. Guessing the rest of the bonus just becomes dead cap?

 

8 minutes ago, therealmjl said:

I'm super confused. Is he potentially under contract for 5 years? I thought it was just a one year prove it deal.

 

Dave that's not true, we only have him for 1 year on this contract no matter what. Those other 4 years will automatically void, they are built in solely to spread out the cap hit (not a big fan of that aspect of it but we'll see how it plays out).